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1.6 Tuesday midday Bitcoin Silk Road
Bitcoin surged to 94,760 in one move, but the upward momentum is now clearly blocked, requiring a pullback to regroup before attempting to break through the next resistance at 96,800. On the 4-hour chart, the KDJ indicator has already turned downward and formed a death cross, and the RSI indicator's downward trend has also been confirmed. Additionally, the upper band of the Bollinger Bands is exerting strong pressure against the price, and the momentum is clearly weakening.
Personal suggestion, for reference only (strictly set stop-loss)
Bitcoin can fluctuate around 94,000-95,000, with targets at 93,000-92,000.